Paragraph 7 Regulation 61 (draw down of applicant credit cover)

In regulation 61^f1, after paragraph (4) insert—

“(5)

If applicant credit cover relates to a supplementary auction—

(a)

paragraph (1) is to be read as if for sub-paragraph (b) there were substituted—

“(b)

where CMU i is a distribution CMU in respect of which regulation 60(1)(g)(ii) applies, the credit obligation period has not ended by the date falling 6 months prior to the commencement of the delivery year of A’s capacity agreement in respect of CMU i;

(ba)

where CMU i is a prospective generating CMU or a prospective interconnector CMU, the credit obligation period has not ended by the date falling 3 months after the date on which A was awarded a capacity agreement in respect of CMU i;”; and

(b)

this regulation has effect as if the following paragraphs were inserted after paragraph (1)—

“(1A)

If paragraph (1)(b) applies but the date by which a copy of a distribution connection agreement is required by capacity market rules to be provided in respect of CMU i is extended under regulation 33(2)(b), the date in paragraph (1)(b) is extended to the date to which the requirement is extended.

(1B)

If paragraph (1)(ba) applies but the date by which a financial commitment milestone is required by capacity market rules to be met in respect of CMU i is extended under regulation 33(2)(b), the date in paragraph (1)(ba) is extended to the date to which that requirement is extended.”.”